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20121129
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NBC
Nov 26, 2012 4:00am PST
and medicare. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> reporter: activists on the left are lining up to oppose those reforms, but the president has put them on the table before. during last year's failed talks on a grand bargain and more recently in his first postelection press conference. >> we have to continue to take a serious look at how we reform our entitlements because health care costs continue to be the biggest driver of our deficits. >> reporter: mr. obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenues can be risen by closing loopholes and deductions. >> they have to go up, real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we have to show the world we're adults. the election is over. >>> to overseas now, where egypt, the country's newly elected leader the
NBC
Nov 27, 2012 4:00am PST
the wealthy. >> reporter: the bottom line, americans are borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix the debt coalition meet here tomorrow. >> there's going to come a point in time where we can't borrow anymore money and interest rates are going to skyrocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> one vote could keep players still far from agreement. >> and no word yet on when the next white house meeting may happen between the president and these key leaders on capitol hill. lynn? >> tracie potts in washington. thank you. >>> authorities in cairo are bracing for more protests in tahrir square as outrage grows over egyptian president mohamed morsi's decision to grant himself sweeping new powers. we have a live report from cairo with the latest. iman, good morning. >> reporter: good morning. thousands are pouring into the square angered by the decree. let's talk about the protests taking place. close to tahrir square is the u.s. embassy. today riot police outside the embassy compound fired teargas
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